IJS vs. FNDA

Last updated Jun 9, 2026

IJS (iShares S&P SmallCap 600 Value ETF) and FNDA (Schwab Fundamental US Small Co. Index ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600/Citigroup Value Index, while FNDA is a Small Cap Blend Equities fund tracking the Russell RAFI Small Company US. Both are passively managed. Over the past 10 years, IJS returned 10.04%/yr vs 10.81%/yr for FNDA. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

IJS vs. FNDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and Schwab Fundamental US Small Co. Index ETF (FNDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJS achieves a 15.51% return, which is significantly higher than FNDA's 14.40% return. Over the past 10 years, IJS has underperformed FNDA with an annualized return of 10.04%, while FNDA has yielded a comparatively higher 10.81% annualized return.

IJS

• 1D: 0.74%
• 1M: 1.04%
• YTD: 15.51%
• 6M: 15.93%
• 1Y: 36.44%
• 3Y*: 13.49%
• 5Y*: 5.34%
• 10Y*: 10.04%

FNDA

• 1D: 0.64%
• 1M: -0.11%
• YTD: 14.40%
• 6M: 14.29%
• 1Y: 29.17%
• 3Y*: 14.87%
• 5Y*: 6.73%
• 10Y*: 10.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IJS vs. FNDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJS iShares S&P SmallCap 600 Value ETF	15.51%	6.54%	7.33%	14.68%	-11.34%	30.53%	2.63%	24.11%	-12.86%	11.35%
FNDA Schwab Fundamental US Small Co. Index ETF	14.40%	7.44%	9.00%	20.29%	-14.83%	31.12%	8.44%	24.34%	-12.12%	12.68%

Correlation

The correlation between IJS and FNDA is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.97

The correlation between IJS and FNDA has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

IJS vs. FNDA - Sectors Allocation Comparison

Sectors	IJS	FNDA
Financial Services	19.8%	14.6%
Consumer Cyclical	15.9%	12.2%
Industrials	11.6%	18.9%
Technology	11.3%	14.9%
Real Estate	8.7%	9.9%
Energy	7.6%	6.2%
Healthcare	7.6%	6.8%
Basic Materials	7.1%	5.2%
Communication Services	4.4%	4.1%
Consumer Defensive	3.8%	4.2%
Utilities	2.2%	2.8%

Return for Risk

IJS vs. FNDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJS

IJS Risk / Return Rank: 71
IJS Sharpe Ratio Rank: 67
IJS Sortino Ratio Rank: 70
IJS Omega Ratio Rank: 63
IJS Calmar Ratio Rank: 82
IJS Martin Ratio Rank: 75

FNDA

FNDA Risk / Return Rank: 59
FNDA Sharpe Ratio Rank: 55
FNDA Sortino Ratio Rank: 58
FNDA Omega Ratio Rank: 52
FNDA Calmar Ratio Rank: 69
FNDA Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJS vs. FNDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) and Schwab Fundamental US Small Co. Index ETF (FNDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IJS	FNDA	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.70	+0.29
Sortino ratio: Return per unit of downside risk	2.85	2.47	+0.39
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	3.94	3.13	+0.81
Martin ratio: Return relative to average drawdown	12.88	10.09	+2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJS vs. FNDA - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.00, which is comparable to the FNDA Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of IJS and FNDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IJS	FNDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.70	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.32	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.48	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.49	-0.08

Drawdowns

IJS vs. FNDA - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than FNDA's maximum drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for IJS and FNDA.

Drawdown Indicators

	IJS	FNDA	Difference
Max Drawdown Largest peak-to-trough decline	-60.11%	-44.64%	-15.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-9.36%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-28.65%	-25.92%	-2.73%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-25.92%	-2.73%
Max Drawdown (10Y) Largest decline over 10 years	-47.68%	-44.64%	-3.04%
Current Drawdown Current decline from peak	-1.02%	-1.42%	+0.40%
Average Drawdown Average peak-to-trough decline	-9.89%	-6.69%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.90%	-0.06%

Volatility

IJS vs. FNDA - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) and Schwab Fundamental US Small Co. Index ETF (FNDA) have volatilities of 4.79% and 4.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJS	FNDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.61%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	11.67%	11.98%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.38%	17.24%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	20.91%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.61%	22.39%	+1.22%

IJS vs. FNDA - Expense Ratio Comparison

Both IJS and FNDA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IJS vs. FNDA - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.29%, more than FNDA's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDA Schwab Fundamental US Small Co. Index ETF	1.09%	1.22%	1.53%	1.37%	1.38%	1.15%	1.31%	1.38%	1.64%	1.30%	1.18%	1.33%
IJS iShares S&P SmallCap 600 Value ETF	1.29%	1.62%	1.78%	1.42%	1.46%	1.52%	1.00%	1.66%	1.75%	1.41%	1.22%	1.59%

Frequently Asked Questions

Can I hold both IJS and FNDA in my portfolio?

With a correlation of 0.97, IJS and FNDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IJS or FNDA?

IJS has higher volatility (4.79%) compared to FNDA (4.61%). In terms of maximum drawdown, IJS dropped -60.11% vs FNDA's -44.64%.

Which ETF is better, IJS or FNDA?

On 10-year performance, FNDA leads with 10.81% vs 10.04% for IJS. Both ETFs have the same 0.25% expense ratio. On volatility, FNDA has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJS or FNDA?

Over the 10-year period, FNDA has performed better with a 10.81% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJS or FNDA?

IJS and FNDA have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, IJS or FNDA?

IJS has the higher dividend yield at 1.29%, compared with 1.09% for FNDA.

What is the main difference between IJS and FNDA?

IJS is categorized as Small Cap Value Equities, while FNDA is Small Cap Blend Equities. IJS tracks S&P SmallCap 600/Citigroup Value Index, while FNDA tracks Russell RAFI Small Company US. They also come from different issuers: iShares and Charles Schwab.

Which has better risk-adjusted returns?

IJS currently has the higher Sharpe Ratio (2.00 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.